FactReal

QUICK FACTS: Politics, News, Economy, Religion, History…For Busy People!

Posts Tagged ‘Letitia James’

NY Civil Case: Trump Files Motion Calling for Judge Engoron’s Recusal

Posted by FactReal on June 20, 2024

UPDATE ON CIVIL CASE: NY (AG LETITIA JAMES) V. TRUMP
The Post Millennial reports:
BREAKING: Trump attorneys file motion to get Judge Engoron off NY’s civil case against him

On Thursday, Donald Trump’s legal team filed a motion in New York’s Supreme Court calling for the recusal of Judge Arthur Engoron from his civil fraud case…The filing stated that Engoron should step aside as a state judicial investigation into conduct plays out.

Sources familiar with the investigation told NBC 4 that the probe is investigating whether Engoron had an improper conversation with high-profile real estate lawyer Adam Leitman Bailey in the weeks before Engoron’s judgment.

Bailey told NBC New York that he had spoken with Engoron three weeks before the decision, offering unsolicited advice.

Trump’s attorney, Alina Habba, posted on X:

The New York Code of Judicial Conduct exists to ensure that litigants are afforded a fair and impartial trial. Justice Engoron’s communications with Attorney Adam Leitman Bailey regarding the merits of this case, however, directly violate that code and demonstrate that Judge Engoron cannot serve as a fair arbiter. It is clear that Judge Engoron should recuse himself immediately.

.

###

This post might be updated later on.

Posted in Law, Trump | Tagged: , , | Leave a Comment »

NY AG Letitia James Lost after Judge Rules Trump’s $175M Judgment Bond Can Stand (April 22, 2024)

Posted by FactReal on April 23, 2024

CASE: NEW YORK (LETITIA JAMES) v. DONALD J. TRUMP
Letitia James has lost after Judge ruled that Trump’s bond can stand (April 22, 2023)
By TMG:

…Letitia James has lost after Judge Arthur Engoron has ruled that Trump’s bond can stand, after AG James tried to have it rejected because she claimed the company didn’t have the assets. Today the company showed that they have over $2 billion at their parent company.

The Judge did rule that Trump must comply with new conditions by the AG’s office, which the bond holder will have to agree to as well. Those conditions should be agreed upon by Friday.

.

Judge rules against NY attorney general, says Trump’s $175M judgment bond will stand
By Fox News: (April 22, 2024)

Former President Trump’s $175 million bond judgment stemming from his non-jury civil trial will stand, a New York judge ruled Monday after New York Attorney General Letitia James attempted to invalidate it.

Lawyers for James on Monday argued that the court should void Trump’s slashed judgment of $175 million in his non-jury civil fraud trial. James questioned whether the company that posted the massive bond, Knight Specialty Insurance, could actually pay the bond if needed.

The court decided the $175 million needs to be in cash — not in mutual funds or securities where the value can fluctuate. The court said Knight Insurance cannot trade or move the money, but said they will retain control of the account.

The court also ruled that Knight Insurance must provide a monthly financial statement to James showing the $175 million in cash and decided that the agreement cannot change without approval from the court.

[Last week: NY AG Letitia James asked judge to void Trump’s $175M bond in civil fraud case]

Judge denies Letitia James’ effort to reject Trump’s $175M bond (April 22, 2024)
Via Fox News/YouTUbe:
Trump’s Attorney Alina Habba after Court: Our Cash Wasn’t Green Enough for Them
Video via Simon Ateba, Chief White House Correspondent at Today News Africa: (April 22, 2024)

ALINA HABBA: He should not even be here today because he did nothing wrong. It’s the epitome of a witch hunt…[A] judge asked us whether our cash … isn’t green enough. We wasted time. The judge made a comment saying he thought that money market accounts go down under the amount — he doesn’t understand basic principles of finance. But this is the man that decided that we owed money and my client committed fraud. (…) In one hour, the attorney general and that judge realized quickly that they had no idea what they were talking about. We came to an agreement that everything would be the same, we would modify terms, and that was it. This is where your tax dollars are going to America, right here, witch hunt after witch hunt.

.

Trump’s Legal Spokesperson Alina Habba Spoke with Hannity (April 22, 2024)
Habba: “Ms. James wanted to argue and say that our cash somehow isn’t green enough.”

###

This post might be updated later on.

Posted in Law, Left, Trump | Tagged: , | Leave a Comment »

READ: NY AG Letitia James Challenges Trump $175M Bond Deal

Posted by FactReal on April 5, 2024

CASE: NEW YORK (LETITIA JAMES) v. DONALD J. TRUMP
Trump fraud trial bond drawn into question by New York AG | Archive
By: The Hill (April 4, 2024)

The $175 million bond in former President Trump’s civil fraud trial is at risk after the New York attorney general’s office questioned the qualifications of the California-based company that posted it.

The [prosecutors’] notice requires Trump or the insurance company to demonstrate that the company is financially capable of paying the bond amount if Trump loses on appeal and that the bond is appropriately collateralized.

Judge Arthur Engoron…ordered them to pay $464 million, plus interest, in addition to several other penalties.

Trump was ordered to post a $175 million bond…

The bond, from the Knight Specialty Insurance Company, automatically bars New York Attorney General Letitia James (D) from collecting the multimillion-dollar judgment against Trump and pauses other penalties.

READ: COURT DOC
Notice of Exception to Surety Pursuant to CPLR §2506(a)
The court filing states: (dated April 4 2024)
Index No. 452564/2022

Plaintiff…Letitia James, Attorney General of the State of New York, hereby takes exception to the sufficiency of the surety to the undertaking given by Defendants and denoted as Bond No. SA300588 (“Bond”), issued by Knight Specialty Insurance Company (“KSIC”)…

…Defendants or KSIC shall file a motion to justify the surety within ten (10) days of the service of this notice…

###

This post might be updated later on.

Posted in Law, Trump | Tagged: , | Leave a Comment »

Trump: I Just Posted $175M Bond. This is Election Interference (4/1/2024)

Posted by FactReal on April 2, 2024

LATEST ON CASE: NY (AG LETITIA JAMES ) v. TRUMP
Report by Just The News: (4/1/2024)

Former President Donald Trump on Monday officially posted a $175 million bond in his New York civil fraud case, preventing state Attorney General Letitia James from seizing his assets while he appeals the verdict.

“As promised, President Trump has posted bond. He looks forward to vindicating his rights on appeal and overturning this unjust verdict,” Trump Attorney Alina Habba confirmed Monday.

Trump posted on his TruthSocial.com platform on April 1, 2024, 11:08 PM:
https://truthsocial.com/@realDonaldTrump/posts/112199420425708030

I’ve just posted a 175 Million Dollar Bond with the sadly failing and very troubled State of New York, based on a Corrupt Judge and Attorney General who used a Statute that was never used for this before, where no Jury was allowed, my financial statements were conservative and had a 100% perfect caution/non-reliance clause, there were no victims (except me!), there was no crime or damage, there was only success and HAPPY BANKS. The case was a fabricated ELECTION INTERFERENCE con job, so bad for New York, where businesses are fleeing & violent crime is flourishing. The Crooked Judge, to suit his narrative, valued Mar-a-Lago, in Palm Beach, Florida, at $18,000,000, when it is worth 50 to 100 times that amount. He ruled I was guilty before he ever saw the case. He should be disbarred, and Letitia James, who campaigned on getting TRUMP, Impeached. Also posted a 91 Million Dollar Bond on another New York Fake Case, money I can’t use on my campaign. Just what Crooked Joe wanted. WITCH HUNT!

Trump posted on April 2, 2024, 6:52 AM:
https://truthsocial.com/@realDonaldTrump/posts/112201246033874679

Thank you to professor Jonathan Turley for exposing the horrendous decision made by a corrupt New York State Judge, Arthur Engoron, on the “I will get Trump” worst in the Nation A.G., Letitia James, unfair case against me. I just posted a $175,000,000 Bond just for the right to Appeal this travesty of a case, which I won at the Appellate Division, but this Judge refuses to accept- A FIRST. He is a whacked out nut job who just made up a number out of thin air, just like he did on the value of Mar-a-Lago. Businesses won’t enter New York because of this decision, and many are fleeing. Think of it – I had to pay an enormous sum for the right to Appeal the ridiculous decision of a CROOKED Judge and A.G. This is Election Interference, and it all comes directly from Joe Biden and the White House. An attack, along with ALL OF THE OTHERS, on his political opponent, ME!

Trump posted on April 2, 2024, 8:21 AM:
https://truthsocial.com/@realDonaldTrump/posts/112201596877237401

I had to pay New York State in order to appeal a corrupt decision by a biased, crooked and highly overturned judge. It’s supposed to be the other way around – you appeal before you pay. Is a crooked New York Judge allowed to make you pay for the “privilege” of appealing a wrongful & corrupt decision??? NOT IN AMERICA!!!

BACKGROUND
– 09/21/2022: Lawyer: NY AG’s Trump Lawsuit is Political. There are No Victims. Everybody is Happy Except Letitia James (Video, Transcript)

– 03/18/2024: WSJ: Insurers Fear Retribution if They Provide Appeal Bond to Trump in NY Case

– 03/18/2024: Trump Court Filing: Explains Why He Can’t Get $454 Million Appeal Bond

– 03/18/2024: Trump Unable to Get $454M Appeal Bond from 30 Brokers in NY Case

– 03/21/2024: NY AG Letitia James Prepares to Seize Trump Properties

– 03/25/2024: READ: NY Appeals Court Reduces Trump Bond to $175M

– 03/30/2024: READ Judge Order: Trump Prosecutor Star Witness Lied to Court

NEW YORK ATTORNEY GENERAL LETITIA JAMES
Letitia James: “Too Male, Too Pale, and Too Stale” (Video)

Flashback: NY AG Letitia James Campaigned on Getting Trump (Video)

###

This post might be updated later on.

Posted in Law, Trump | Tagged: , | Leave a Comment »

Letitia James: “Too Male, Too Pale, and Too Stale” (Video)

Posted by FactReal on March 27, 2024

During the Trump administration, Letitia James said: “Stand up to an administration which is too male, too pale, and too stale.”

She also promised to take ‘this Agent Orange’ to court.

Letitia James is now the attorney general (AG) prosecuting Trump in New York re: Real Estate Valuations.
[Case: New York State (Letitia James) vs Trump]

Video of Letitia James:

So we got to stand up to the federal government. We got to stand up to bullies.
We got to stand up to an administration which is too male, too pale, and too stale!

Other video links: here and here.

REPORT
The Wrap reported on their event with Letitia James, then NY Public Advocate (Archive)
Report date: March 12, 2018
The Event: TheWrap’s BE Conference
Letitia: “We have too many men in congress who are pale, male and stale.”

New York City Public Advocate Letitia James kicked off the second day of TheWrap’s BE Conference on Monday with call for more women to run for congress: “We have too many men in congress who are pale, male and stale,” James told the cheering and laughing crowd. “It’s time to change that.”

Letitia promised to take ‘this Agent Orange’ to court.

On the subject of the Trump era, James said we are in a “constitutional crisis” but we have “the opportunity to make a change.”

“What we’ve got to do is stand up and be strong,” she said. “The first pillar of our government so far have been the courts. The truth of the administration and the justice. That’s what we will continue to do. We will take this Agent Orange to court.”

James also said that the nation will need to continue to challenge president Donald Trump on issues of housing, and courts should partner with the media and women to make a change.

MORE
WATCH: Trump Prosecutor Letitia James Leads Anti-White Hate Chant (Archive)

###

This post might be updated later on.

Posted in Law, Left | Tagged: , | Leave a Comment »

NYT: Pinning a Value to Trump’s Buildings is a Guessing Game (3/24/2024)

Posted by FactReal on March 25, 2024

The New York Times Now Realizes That Real Estate Valuations Are Not Easy
“It is difficult to know how much [Trump’s] assets are worth, with numerous variables at play.”
“Experts say pinning a value to the buildings would be a guessing game.”

The New York Times published this article yesterday:

Donald Trump owes $454 million by Monday or risks losing some properties. But experts say pinning a value to the buildings would be a guessing game.

Title: Could Trump’s Properties Really Be Seized? (3/24/2024)

[P]inning a value to Trump’s buildings is a guessing game.

Appraisers and commercial brokers warn that it is difficult to know how much his assets are worth, with numerous variables at play, including his debts.

Here is a look at the challenges that the state faces as it tries to seize, or even pin a value, on some of Mr. Trump’s best-known properties in Manhattan.

Who Really Owns It?
Mr. Trump does not own almost any of his properties outright. They are protected by a maze of interlocking trusts and limited liability companies. According to the lawsuit, there are as many as 500 separate entities that operate for the benefit of, and under the control of, Mr. Trump.
This creates a challenge for the court, bankruptcy experts said.

The Fine Print
For some of the buildings, the ownership structure is so complex that it becomes unclear what, if anything, the court could seize.

Take the sleek skyscraper at 1290 Avenue of the Americas. Nearly two decades ago, Mr. Trump acquired a 30 percent stake in an entity that owns the 43-story building in Midtown Manhattan adjacent to Radio City Music Hall. The other 70 percent is owned by the Vornado Partnership Trust.

The fine print of the partnership makes it difficult, maybe even impossible, for Mr. Trump to sell his 30 percent stake. Initially set to expire in 2044, the partnership states that “a partner may not, directly or indirectly, sell, assign, transfer or otherwise dispose of any part of their partnership interest, without prior written consent from the majority owner,” according to an excerpt from the agreement shared during the trial.

Now, if the same asset is seized, the state will face the same limitations that they uncovered during the trial — namely that he is more or less stuck in this partnership for another two decades, said real estate attorneys.

Owning Not the Building But the Right To Rent It.
…40 Wall Street has long been one of the marquee properties in Mr. Trump’s portfolio…In 1995, for $1.3 million, Mr. Trump bought the right to lease it, according to court records. An offering memorandum for the building shows that the agreement lasts for nearly another two hundred years, until the year 2194.

That’s right — the right to lease it. He is not the owner of the building or the land under which it sits. The arrangement, known as a “ground lease,” makes selling it harder, say real estate lawyers and commercial brokers.

In 2010, 2011 and 2012, three different appraisals by Cushman & Wakefield valued his leasehold at between $200 and $220 million, if it were to be sold as is, according to documents that were made public during the lawsuit. In 2015, a lender-ordered appraisal valued it at $540 million.

The value of the lease is a function of two things: how much Mr. Trump is paying in rent to the building’s owner and other expenses, and how much he is earning in return from the dozens of tenants occupying the skyscraper.

###

This post might be updated later on.

Posted in Trump | Tagged: , | Leave a Comment »